Ive got a similar situation, (QLD)
the yearly budget for our sinking fund just states $5000 – spent on maintance and repairs
we havent done anything to the building that would warrent $5000 from the sinking fund
we replaced some garden lights and adding a timming meter
we spent $3000 on baiting rats and plumming costs as an owner had rats in her toilet (I know!) but that would not be a sinking fund cost surely ?
whilst I dont think there any thing “dodgy” going on I suspect that some of the sinking fund budget might be getting used to pay for things that should come from the administration fund in order to keep body corp fees down
we have a group of penny pinching oldies that dont want to replace anything or improve the building (ie replace fence, replace carpets, paint)
they want to keep fees low – at the expense of not spending anything on the buidling
so my first question
so its normal not to get a detailed record of expenses ?
and as an owener/committee members I have to pay to search the records ?
also
at the very least shoudn’t BC fees increase with inflation each year ?
what that best way to proceed without getting people offside ?